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Commercial Bank and Checking Accounts
Checking accounts are deposit accounts that allow customers to deposit or withdraw any amount of money, subject to funds’ availability. Most commercial banks offer checking accounts to both individuals and companies.
3,404 Questions
Swot analysis of jammu and kashmir bank LTD?
strength about the bank is its huge customer support...it has covered whole of j&k,its threat is private banks but they r not too able to compete with them,their weakness is their service,and lack of awareness to customers.also they need to grow more in terms of customer care facilities,phone banking,impressive welcome to customers,upgrade their infra,
How do you know the balance in your andhra bank account?
You can do it many ways.
- Walk into your nearest Indian bank branch with your account number and ask for it
- Walk into the nearest Indian bank ATM and use your ATM card and check your balance
- Call up customer care and mention your details and ask for it
Logon to internet banking and check it
Who is Dr Cole Campbell Smith in Clydesdale bank plc?
directeur département d'amistration de crédit, clyderdale bank plc
Why is a travelers check considered money while a written check against a trasaction account is not?
Travelers checks are verified or guaranteed funds. To receive travelers checks, you must purchase them. This means the money has been provided up front and so the person who is receiving the check (as long as the check is not counterfeit) knows the check is good. Funds have already been collected by the issuer of the check (e.g. American Express), so you do not have to worry about insufficient funds.
A check written against a transaction account is a promise to pay. You are legally required to have enough money in your account to honor any check you write, but that does not necessarily mean that you have or will. (Although you should not,) It is possible write a check against a transaction account that has not enough or even no money in it - there is no way for the person who receives the check to know that it is good until up to several days after they have deposited it.
Why bank prohibited person to open account?
There may be several reasons, and if you are the person who was denied an account you should inquire with the bank directly to determine why.
Some reasons might be:
Negative history with that bank (you owe them money from a past account that closed in overdraft, or from unpaid loans)
Negative history with another bank
Negative credit history in general
Inability to provide the identification legally required to open an account
What are the advantages of clearing house?
The main advantage of the clearning house is to pass the payment for various cheques and other pay orders. Normally the state bank of India will act as a clearning house other banks are the members of the clearning house.
Can a merchant cash a check that was made out to a different merchant?
No, this isn't a good idea, especially for the merchant you've asked to cash the check.
These are the variables involved in your question:
- You -- the one who wants cash from this piece of paper
- The check signer -- the person who issued, filled out and signed the check
- The payee -- the name written on the [pay to] line on the check
- The cashing merchant -- whom you're asking to give you money (with no basis)
- The cashing merchant's bank -- the institution that will receive the check first in the process of crediting the merchant's account
- The check's bank -- the institution that will receive the check second in the process of confirming that the cash given in exchange for this piece of paper is available in the account upon which it was drawn
Here are the steps involved in equalizing the monetary amounts involved, for example $50:
- You received or wrote the check expecting to turn it into $50 cash
- The cashing merchant gives you $50 cash and sends the check to his/her bank, expecting the account to be credited $50
- The bank can reject the check, because it is made out to the payee, not to the cashing merchant
Since the cashing merchant gave you cash and since the check cannot be credited to that account, the cashing merchant has lost $50, you've gained $50, and the payee has not been involved.
How can use the computer in commerce?
computers use in commerce as :-
1. in payroll calculation
2.in stock control
3.in office automation
4.maintaining records
For standard swift transfers the Swift code is MNBDUS33XXX you should also include the 9 digit ABA routing number for the branch in the wire information.
Comerica Detroit also has two other swift codes:
MNBDUS33FEX for foreign exchange settlements
MNBDUS33GCS for trust settlements
Why do you think you are suitable for this position of Junior Assistant?
i would like to describe myself as a capable person with excellent written and verbal communication skills. My motivational, educational and professional skill are attributes that will help me to perform my entire job as well create an excellent relationship with colleagues and customers. In this workplace i can obtain a challenging position that will utilize my skills and experiences and which will also provide me with the opportunity for growth and advancement.
i have the same question plz ,,we should be in same situation now :)
A bank statement is a communication from a bank to a person holding an account in that bank, detailing the value of the holdings in a person's account and the effects of all that person's transactions.
Savings
Central Investigation Bureau is given a report after every six months for Liason Bank cheek Account's remingd value.it's defalt or any other condition .
Interest is basically where the bank pays you for putting your money in one of their accounts. If you open a savers account in a bank and you put in £20, you will get about £1 every year for saving with them.
Chexsystem did not allow you to open 2nd bank acct?
Because more and likely you have more than two closures on the chex systems. Most banks will not allow you to open an account if you have had more than two closures.
three days. but typically Indian banks will give credit on the fourth day.
It means that the bank has not yet upgraded your account so in a couple of days check your account again and it should be fixed
How can you see your saving account balanc?
Check your monthly statement or ask the teller at the bank to give your balance.
Where can one find information on Barclays Bank accounts?
The place to find information about Barclay's bank accounts is going to be at Barclay's. Whether it is on their website or in person at an office. Nobody else should ever have their information.
